SEZ Policy changes may hurt developers
So, the tussle between the Ministry of commerce and Finance is getting to the throat of the SEZ developers. The Finance ministry has challenged the criterion for the selection of the developers of the Special Economic Zones (SEZ’s). The government would have to rewrite the SEZ policy and all approvals would need a fresh look, if the finance ministry’s latest proposal is accepted. The finance ministry has also said that a policy framework would be desirable in order to counter charges of discrimination, even for the current lot.
Our Review : In case the proposal of the Finance Ministry is accepted, there will be a definite downfall in the real estate market and specially the developers who have already purchased the Real Estate in their concerned states will have to face a huge loss. What we personally feel that the problem with the finance ministry is that, they will not get anything out of these special processing zones. Most of the incentives that are given in the SEZ are against the Finance ministry. But the point is that, these SEZ, whenever operational will give a great push to the economy of the country and especially where the overseas multination companies will seek permission to set up there units here in India, will give the country a good amount of foreign exchange. Many industrial sectors, like textiles, which are facing problem with the Chinese goods into the market will defiantly have a chance to rise in the overseas market.
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Investment in India » Newly proposed policies by the Ministry of Finance for Special Economic Zones (SEZ) wrote:
[…] Our Review: Well, these points have both advantages and disadvantages for the developer and the companies opting to put up units in the special economic zones. The original equipment manufacturer will defiantly be a gainer in these conditions, since there will be no traders sitting up in these zones, so the manufacturer will be benefited by the tax sops. The developer will have to allot the units to the OEM’s only. So the developers may feel a little pinch from the real estate point of view in their SEZ’s. Well, what we feel is that there is nothing much to worry about. Because our country has got a good number amount of manufacturers and exporters right !!!! […]
Posted on 22-Aug-06 at 11:27 pm | Permalink
Investment in India » SEZ Caps: Central and State governments stands against each other wrote:
[…] So the SEZ war is on between the Central and the State Governments. PRESSURE is building on the central government from states for removal of the ceiling on SEZs by the empowered group of ministers (eGoM). The EGoM, which is meeting on Wednesday to review the cap, has to take the crucial decision on whether to maintain the cap at the original level, increase it, or do away with it. […]
Posted on 25-Aug-06 at 3:44 am | Permalink
shobna wrote:
can the company move their complete operation to sez from their present operation. or is their any rule only expansion.
Posted on 08-Oct-07 at 1:33 am | Permalink